Marko Geber | DigitalVision | Getty Images Americans will be able to stash away more money in health savings accounts next year. Individuals with self-only coverage will be able to save up to $3,650 in an HSA in 2022, the IRS announced Monday. Those with family coverage will be able to save $7,300. More from
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As the economy reopens in the wake of the coronavirus crisis, more Americans expect inflation to increase over the next few years. Overall, the expectation is that the inflation rate would be up to 3.4% one year from now — its highest level since September 2013 — and at 3.1% three years from now, according
Until the pandemic, many families in the U.S. ruled out a private-school education because of the cost. Yet as the coronavirus crisis raged on, parents increasingly sought out schools that were fully in-person rather than remote — and, for many, that meant switching to an independent institution, regardless the price tag. “I am seeing unprecedented
bymuratdeniz | iStock | Getty Images If you haven’t filed your 2020 tax return, the clock is ticking. The deadline for 2020 returns is Monday, May 17. In March, the IRS pushed back the date for individual returns due to the coronavirus pandemic, giving most Americans an extra month to file. Even with the additional
Mary Ann Sergeant Source: Kara Sergeant After a year of grappling with the pandemic, many baby boomers have made changes to their retirement plans. Mary Ann Sergeant, 65, spent more than 15 years working as a pharmacy technician at Anna Jaques Hospital in Newburyport, Massachusetts. She wasn’t planning to retire from the community hospital for
Joan Slatkin/Education Images/Universal Images Group via Getty Images More than 1 in 4 unemployed Americans have been out of work for over a year, according to Bureau of Labor Statistics data issued Friday. Long-term joblessness has been rising steadily throughout the Covid pandemic and poses greater financial risks for affected households. Nearly 2.7 million people
Hiring was a huge letdown in April, but teenagers looking for summer gigs may be in luck. The Covid pandemic, of course, hit this group especially hard. Last summer, the unemployment rate for 16-to-24 year olds was 18.5%, about twice as high as the year before. (July is typically when youth employment peaks.) Now, heading into the
VCG | Visual China Group | Getty Images Maybe you’ve seen one too many headlines about the explosive rise in value of dogecoin, or heard one too many stories about someone making a life-changing profit off the cryptocurrency, and now you’re ready to get in. You might be thinking, so what if the coin started
Flood waters stream down the road in Muhlenberg Township, Pennsylvania, after a major storm last August. Ben Hasty | MediaNews Group | Getty Images Continuing climate change and soaring lumber costs are two things you may need to consider when it comes to your homeowners insurance. Whether you live in an area prone to hurricanes,
Samuel Corum/Bloomberg via Getty Images At least 7 million people likely qualify for tax refunds on unemployment benefits received last year, a new report suggests. The American Rescue Plan, which President Joe Biden signed in March, waived federal tax on up to $10,200 of jobless benefits, per person, collected in 2020. Taxpayers qualify if their